2017: A Record Smooth Ride For Stocks

As measured by the VIX, stocks have never enjoyed a less volatile year than 2017.
Undoubtedly the most notable phenomenon of 2017 was the extremely smooth ride enjoyed by U. S. stocks – unprecedented, in fact. One way to measure just how smooth (or volatile) the market was is by looking at the readings of stock volatility expectations, in this case the S&P 500 Volatility Index, aka, the VIX. And based on VIX readings, 2017 was the least volatile year ever in the stock market.
Specifically, the average daily closing price of the VIX in 2017 was 11.10 (through 12/26/17).

This post was published at Zero Hedge on Thu, 12/28/2017 –.

 

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